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Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports

Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles, and sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range

Dollar hits 4 month low as Fed signals rate cuts, NOK stronger after hike

Fed Chair Jerome Powell said at Wednesday's Federal Open Market Committee (FOMC) meeting that the historic tightening of monetary policy is likely over

India's Nov Russian oil imports hit 4-month high, up 3% from Oct: Report

Last month, India overall imported about 4.5 million bpd oil, a decline of about 4.5% from October and a growth of 13% over the same month last year, the data showed

Centre cuts logistics costs to below 9% of GDP with higher state spending

According to the World Bank's Logistics Performance Index, India ranked 38th out of 139 countries in 2023, helped by improving road and port networks and digitisation of the supply chains

PM Modi seeks to revive hinterland finance hub GIFT city with new breaks

Modi last weekend addressed an investment conference in the city to breathe life back into the site, calling for it to become a "new age financial services and technology nerve center"

Booming Indian coal demand driving up the shares of state-run giants

NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023

Singapore's Sembcorp renewables' unit gets 300 MW solar project from NHPC

The project will be funded by internal funds and debt, and is expected to be ready for commercial operation in 2026, the energy and urban solutions provider said

US Fed holds policy rate in 5.25%-5.50% range, sees 75 bps cut next year

Fed's 'soft landing' scenario still on the table

Google, Meta, Qualcomm team up to push for open digital ecosystems

Calling itself the Coalition for Open Digital Ecosystems (CODE), the group said it wants to promote more open platforms and systems to boost growth and innovation in Europe

Disney, Reliance plan London meeting for India media merger talks: Report

Disney and Reliance have held talks to merge their India businesses by forming a joint venture company in which Ambani's media unit would hold a majority stake

Dollar, US stocks gain, Treasury yields dip ahead of Fed announcement

The main market focus will be on Fed officials' updated economic and interest rate projections, with the U.S. central bank expected to leave rates unchanged for the third consecutive meeting

Oil prices edge up 1% on bigger-than-expected US storage withdrawal

The U.S. Energy Information Administration (EIA) said energy firms pulled 4.3 million barrels of crude from stockpiles during the week ended December 8

Developing countries spent record $443.5 bn to service public debts in 2022

In its latest International Debt Report, the bank said the debt-service payments - including principal and interest - rose 5% to a record $443.5 billion from a year earlier

Russian-linked hackers claim cyberattack on mobile network, says Ukraine

Tuesday's attack on Kyivstar, which has 24.3 million mobile subscribers and more than 1.1 million home internet users, knocked out services, silenced air raid alert syst

Private equity firm Bain Capital sells $448 million stake in Axis Bank

Societe Generale, Goldman Sachs, UBS and Morgan Stanley were among the buyers of Axis Bank shares on Wednesday as Bain sold its stake, exchange data showed

BPCL plans to buy Venezuela oil; deal not to harm Russian imports: Official

"Our refineries are capable of processing Venezuelan oil and we have given our international trade (department) okay to buy it," Khanna said in an industry event

BBC to launch new firm for Indian language services in adherence with rules

The broadcaster is under scrutiny for alleged foreign exchange violations in India and an investigation was launched shortly after tax authorities searched BBC's offices in Delhi and Mumbai in Feb

Apple offers to let rivals access tap-and-go tech in antitrust case: Report

The European Commission is likely to seek feedback next month from rivals and customers before deciding whether to accept Apple's offer, the people said

Boeing within range of airplane delivery goal after strong November

Deliveries for last month were the highest since June and included 45 737 MAXs and one P-8 maritime patrol aircraft, Boeing said, confirming a Reuters report from last week

Israel pounds Gaza as hunger spreads, disease risk grows: Report

Residents said the shelling of Rafah, where the Israeli army this month ordered people to head for their safety, was some of the heaviest in days